Pricing your product or service is one of the most vital business decisions you will make. Setting a price that is to high can be as detrimental as setting it to low and at best will limit business growth. At worst it will create serious sales problems leading to poor cash flow and most probably the demise of your business...
No doubt you have heard of the benefits of Self Managed Superannuation Funds (SMSF), and most of you think that it all sounds to good to be true and you can't wait to be in control of your own superannuation! Well before you make this life altering decision you need to STOP, breathe and know what you are in for, as they are not for everyone...
Nobody likes to think about it, but it’s inevitable - one day you will leave your business. You may decide to sell up, retire or may have to leave due to health reasons. That day needs to be planned for. A succession, or exit plan outlines who will take over your business when you leave. A succession plan is a strategy which determines the best way for you to exit your business while ensuring it continues...